Expensive auto insurance can take a big chunk out of your savings account and force you to make sacrifices. Shopping your coverage around is a great way to reduce premiums and put more money in your pocket. Drivers have multiple auto insurance companies to purchase coverage from, and although it’s a good thing to have multiple companies, so many choices can make it hard to adequately compare rates.
It is always a good idea to shop coverage around before your policy renews because prices are usually higher with each renewal. If you had the best deal for Sierra coverage six months ago you can probably find a lower rate today. Block out anything you think you know about auto insurance because you’re about to learn one of the easiest ways to buy cheaper auto insurance.
Finding affordable coverage is quite easy. If you have a policy now or are looking for a new policy, you can follow these tips to reduce the price you pay and still get good coverage. Consumers just need to learn the proper way to compare company rates online.
All major auto insurance companies like GEICO, State Farm and Progressive allow you to get prices directly from their websites. This process is quite simple as you simply enter the coverages you want into the quote form. When complete, the company’s rating system automatically retrieves your driving record and credit report and returns a price quote based on these factors. Online price quotes makes comparing rates easy, but the work required to visit several different sites and complete many quote forms can be a bit repetitive. But it’s very important to compare as many rates as possible in order to get the lowest price.
There is a better way to compare rates
The easiest way to compare rates utilizes a single form to obtain quotes from a bunch of companies at once. It’s a real time-saver, requires much less work on your part, and makes comparison shopping a little more enjoyable. After your information is entered, your coverage is rated and you can select any one of the quotes that you receive. If the quotes result in lower rates, you can simply submit the application and purchase coverage. The whole process just takes a couple of minutes and you will find out if you’re overpaying now.
In order to fill out one form to compare multiple rates now, click here to open in a new tab and complete the simple form. If you currently have coverage, we recommend you enter the insurance coverages exactly as they are listed on your policy. This ensures you’re receiving rate quotes using the same coverage and limits.
Companies that sell car insurance don’t necessarily list every discount in a way that’s easy to find, so here is a list some of the more common and also the lesser-known auto insurance savings. If you aren’t receiving every discount you deserve, you’re paying more than you need to.
It’s important to understand that most discounts do not apply to your bottom line cost. The majority will only reduce specific coverage prices like liability, collision or medical payments. So even though they make it sound like having all the discounts means you get insurance for free, it just doesn’t work that way.
To see a list of providers with the best auto insurance discounts, click here.
When it comes to choosing adequate coverage for your personal vehicles, there really is no “perfect” insurance plan. Your needs are not the same as everyone else’s so your insurance should reflect that For example, these questions might help in determining if your situation would benefit from an agent’s advice.
If it’s difficult to answer those questions but you think they might apply to your situation, you may need to chat with a licensed agent. To find an agent in your area, take a second and complete this form or you can also visit this page to select a carrier It’s fast, free and can provide invaluable advice.
Consumers can’t ignore all the ads for the lowest price auto insurance from companies such as GEICO, State Farm and Progressive. All the ads make an identical promise that you’ll save big if you move your policy.
But how can every company make the same claim?
Different companies have a preferred profile for the driver they prefer to insure. An example of a preferred risk could possibly be over the age of 50, has no tickets, and has great credit. A customer that hits that “sweet spot” will get the preferred rates and is almost guaranteed to save quite a bit of money when switching.
Consumers who do not match the requirements will be charged a more expensive rate and this can result in the driver buying from a lower-cost company. The ads say “people who switch” not “everybody who quotes” save money. That is how companies can advertise the savings. That is why drivers should get a wide range of price quotes. It’s just too difficult to predict which company will fit your personal profile best.
Having a good grasp of auto insurance can be of help when determining which coverages you need for your vehicles. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy. Shown next are typical coverage types offered by auto insurance companies.
Uninsured or underinsured coverage – This provides protection from other motorists when they are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family and damage to your GMC Sierra 2500.
Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.
Collision – This pays for damage to your Sierra 2500 from colliding with another car or object. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision can pay for claims like hitting a mailbox, colliding with another moving vehicle, driving through your garage door and damaging your car on a curb. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to bump up the deductible in order to get cheaper collision rates.
Liability – This coverage will cover damages or injuries you inflict on other people or property in an accident. It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see values of 100/300/100 that translate to a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery.
Liability coverage protects against things such as attorney fees, court costs and medical services. How much coverage you buy is your choice, but consider buying higher limits if possible.
Comprehensive protection – This pays for damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against claims such as theft, a broken windshield, hitting a bird and hitting a deer. The maximum amount you’ll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.
Medical expense coverage – Coverage for medical payments and/or PIP pay for expenses for dental work, surgery and rehabilitation expenses. The coverages can be used in conjunction with a health insurance plan or if you lack health insurance entirely. Coverage applies to all vehicle occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not an option in every state but can be used in place of medical payments coverage
While you’re price shopping online, it’s not a good idea to reduce needed coverages to save money. There are too many instances where an insured dropped collision coverage and found out when filing a claim they didn’t have enough coverage. Your goal should be to buy the best coverage you can find at an affordable rate.
Low-cost 1994 GMC Sierra 2500 insurance is definitely available online and also from your neighborhood agents, and you need to price shop both to have the best chance of lowering rates. Some companies may not provide online quoting and many times these regional insurance providers only sell through independent insurance agents.
You just read some good ideas how to reduce insurance prices online. It’s most important to understand that the more providers you compare, the better your chances of lowering your rates. Consumers could even find that the most savings is with a company that doesn’t do a lot of advertising. They may cover specific market segments cheaper than their larger competitors like Progressive and GEICO.
More detailed car insurance information is located at these sites: